炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：证券之星 近日，区域性乳企阳光乳业（001318.SZ）公告称，公司控股股东阳光集团的一致行动人南昌致合计划 在未来三个月内减持股票，拟合计减持不超过8479800股，即不超过公司总股本的3%，更早前的今年6 月至8月，阳光集团还通过深交所集中竞价交易方式卖出公司股份，合计占公司总股本比例的1.28%。 证券之星注意到，今年以来，尽管乳业行业基本面仍有承压，但在政策利好、供需拐点临近等多重因素 推动下，乳制品板块在二级市场表现活跃，截至12月26日，阳光乳业年内涨幅已超过40%。也需要看到 的是，公司经营面与股价上涨的势头稍显背离，今年第三季度，公司营收、净利双降，其中反映主业表 现的归母扣非净利润同比下滑10.29%。 01． 送奶上户，难出省外 阳光乳业的前身可追溯至1956年成立的国营南昌市乳品厂，历经改制与发展，公司于2022年5月在深交 所上市，成为"江西乳业第一股"。 公司主营业务为液态乳、含乳饮料等产品的研发、生产、销售，主要产品涵盖低温乳制品系列、低温乳 饮料系列、常温乳制品系列、常温乳饮料系列等产品，其中低温乳制 ...

Core Viewpoint - Jiangxi Sunshine Dairy Co., Ltd. reported a decrease in revenue but an increase in net profit for the first half of 2025, indicating a resilient performance amidst industry challenges [2][6]. Financial Performance - Revenue for the reporting period was CNY 236.57 million, a decrease of 7.03% compared to CNY 254.47 million in the same period last year [2]. - Net profit attributable to shareholders was CNY 59.82 million, an increase of 8.27% from CNY 55.25 million year-on-year [2]. - The basic earnings per share rose to CNY 0.2116, up 8.24% from CNY 0.1955 [2]. - Total assets at the end of the reporting period were CNY 1.48 billion, a slight decrease of 0.31% from the previous year [2]. Industry Overview - The dairy industry in China is characterized by a competitive landscape with approximately 600 large-scale dairy enterprises, dominated by a few leading companies [3][4]. - Per capita dairy consumption in China is about one-third of the world average, indicating significant growth potential in the market [3][4]. - The industry is experiencing a shift towards higher quality and diversified products, driven by consumer health awareness and demand for premium offerings [4][5]. Business Operations - The company primarily engages in the research, production, and sales of liquid milk and dairy beverages, with low-temperature products being its core offering [7][8]. - The sales model includes both distribution and direct sales, with distribution accounting for 82.27% of total revenue [15]. - The company has established a differentiated product structure focused on low-temperature products and a home delivery service model [8][10]. Competitive Position - Jiangxi Sunshine Dairy has a strong market presence in Jiangxi province and surrounding areas, recognized for its quality and safety standards [10][11]. - The company has received various accolades, including being recognized as a "Chinese Time-Honored Brand" and a member of the International Dairy Federation [11][13]. - The brand is well-regarded in the region, contributing to its competitive advantage in the local market [11][14].